27020 8 Mile Road
Southfield, MI 48033
Unimproved Land · MLS # 20261018518 · Listing courtesy of Hometown Group Real Estate
About this home
8 Mile Road corner lot offering 0.56 acres of opportunity. Measuring approximately 113 x 216 feet, this well-proportioned parcel provides excellent flexibility for a variety of commercial uses. Strategically located in a thriving business corridor, the property benefits from strong visibility, convenient access to major roadways, and proximity to established businesses, residential neighborhoods, and key amenities. Whether you're an investor, developer, or business owner looking to build to suit, this site offers the ideal combination of location, size, and potential in one of Metro Detroit’s most sought-after commercial communities near Detroit. Don’t miss this chance to bring your vision to life in a growing and dynamic market. BATVAI. All measurements approx. Sale includes two parcels. Property ID Nos. 2431358021 and 2431358013.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Southfield
Over the last 90 days, 120 homes sold in Southfield for a median of $255,000, about $137 per square foot, and the typical one went under contract in 14 days. This home is listed at $199,900, and has been on the market 191 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Southfield sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,341 a year. A buyer who lives here would pay about $1,147 to $5,756 a year once the taxable value resets after the sale, at the 2025 homestead rate of 57.02 mills for Southfield City and Southfield Public Schools schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.
Location
Similar homes in Southfield
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